Macroeconomic comparison of the Czech NUTS 3 regions

Abstract

The aim of this paper is to discuss regional performance of the Czech economy. The first part of the paper offers basic characteristic of the Czech regions. The second part of the paper is based on the Czech Statistical Office´s data. Using selected macroeconomic indicators like gross domestic product and registered unemployment rate, the paper examines trends in regional disparities at the NUTS 3 level during the period 1995-2009. The analysis shows a significant divergence process toward national average and a perceptible increase in regional disparities between the region of the capital city and the remaining regions.